Executives from Exxon, Shell, BP and others are being called to testify in Congress next month after a secret recording this year exposed an Exxon official boasting of such efforts.
The bank’s announcement comes after the Food and Drug Administration gave full approval for the Pfizer-BioNTech coronavirus shots.
The tension between climate goals and lifting Exxon Mobil’s profits could make it difficult for activists to make progress.
The oil company is arguing against efforts to restrict its involvement in a gas operation in Myanmar that provides funding for the junta there.
An industry known for boom-bust cycles is resisting the temptation to pump more oil — for now.
With the price of a barrel stuck around $40 and no recovery in sight, companies are combining to cut costs and ride out the pandemic.
The oil giant’s takeover of Noble Energy gives it a foothold in an emerging energy hot spot: the eastern Mediterranean Sea.
While BP and other European companies invest billions in renewable energy, Exxon and Chevron are committed to fossil fuels and betting on moonshots.
With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.
Trillions in stimulus dollars have convinced Wall Street that the government has its back, and investors are seizing on even glimmers of good news about the pandemic.